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OPEC+ Approves Further Oil Output Increase

Crude loses cool: Oil prices soar 3% as Middle East tensions flare again

TOI Business Desk

9h agoen

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timesofindia.indiatimes.comCrude loses cool: Oil prices soar 3% as Middle East tensions flare againindiatimes.com

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Oil prices rose sharply after United States military strikes targeted Iran. These actions followed attacks on commercial vessels in the Strait of Hormuz. Qatar blamed Iran for striking a liquefied natural gas tanker and an oil supertanker. Maritime security warned of severe threats to ships crossing the Strait. This has reignited fears of further disruptions to vital oil transit routes.

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